Artesian Resources provides water, wastewater, and other services on the Delmarva Peninsula. The Company distributes and sells water to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. It also offers water for public and private fire protection to customers in its service territories. In addition, the Company provides contract water and wastewater services, water and sewer service line protection plans, and wastewater management services, as well as design, construction, and engineering services.

Employee Rating

2.5More
TypePublic
HQNewark, US
Founded1905
Size (employees)233 (est)+4%
Websiteartesianwater.com
Artesian Resources was founded in 1905 and is headquartered in Newark, US
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Key People/Management at Artesian Resources

Dian Taylor

Dian Taylor

Chief Executive Officer & President
Joseph A. DiNunzio

Joseph A. DiNunzio

Executive Vice President & Corporate Secretary
David Spacht

David Spacht

Chief Financial Officer & Treasurer
John Thaeder

John Thaeder

Senior Vice President
Nicholle Taylor

Nicholle Taylor

Senior Vice President
Jennifer Finch

Jennifer Finch

Vice President and Assistant Treasurer
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Artesian Resources Office Locations

Artesian Resources has offices in Newark and Milton
Newark, US (HQ)
664 Churchmans Rd
Milton, US
14701 Coastal Hwy
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Artesian Resources Financials and Metrics

Artesian Resources Revenue

Artesian Resources's revenue was reported to be $82.24 m in FY, 2017
USD

Revenue (Q3, 2018)

21.9m

EBIT (Q3, 2018)

5.2m

Market capitalization (17-Jan-2019)

315.9m

Closing stock price (17-Jan-2019)

34.2

Cash (30-Sep-2018)

233.0k

EV

429.1m
Artesian Resources's current market capitalization is $315.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

69.1m72.5m77.0m79.1m82.2m

Revenue growth, %

5%6%3%

Operating expense total

54.6m59.4m60.3m62.6m

Depreciation and amortization

8.3m8.8m9.2m9.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

18.1m16.9m17.9m19.6m18.0m19.5m20.8m18.4m19.4m21.8m19.2m20.5m22.4m18.9m20.2m21.9m

Operating expense total

13.7m13.8m14.2m14.3m14.3m14.6m15.4m14.6m14.7m15.9m15.2m15.5m16.9m14.9m15.0m16.7m

Depreciation and amortization

2.1m2.1m2.2m2.3m2.2m2.2m2.3m2.2m2.3m2.3m2.3m2.4m2.6m2.5m2.5m

EBIT

4.3m3.1m3.6m5.3m3.7m5.0m5.4m3.9m4.7m5.9m4.0m5.0m5.5m4.0m5.2m5.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

422.0k243.0k209.0k226.0k952.0k

Accounts Receivable

5.1m5.1m6.4m7.8m8.9m

Inventories

1.5m1.9m1.7m1.6m1.5m

Current Assets

13.3m16.6m14.4m14.6m19.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

577.0k451.0k394.0k203.0k353.0k360.0k525.0k511.0k223.0k244.0k209.0k303.0k250.0k293.0k216.0k233.0k

Accounts Receivable

5.9m4.9m5.5m5.0m6.1m5.9m6.6m5.8m7.9m7.8m6.2m6.8m7.2m8.1m9.8m8.7m

Inventories

1.6m1.6m1.7m1.8m1.9m1.8m1.7m1.8m1.9m2.1m1.6m1.6m1.4m1.4m1.4m1.3m

Current Assets

14.7m12.0m12.4m14.2m14.5m13.8m15.0m12.1m14.0m15.9m12.2m12.9m16.4m14.4m16.0m18.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8.3m9.5m11.3m13.0m14.0m

Depreciation and Amortization

8.3m8.7m8.8m9.2m9.6m

Inventories

(132.0k)(405.0k)177.0k149.0k45.0k

Accounts Payable

641.0k(357.0k)1.1m618.0k3.3m
Quarterly
USDY, 2018

EV/EBIT

81.8 x

EV/CFO

20.4 x

EV/FCF

-30.9 x

Financial Leverage

3.5 x
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Artesian Resources News and Updates

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Artesian Resources Blogs

INCLEMENT WEATHER OFFICE CLOSING – 11/15/18

Due to the inclement weather, the NEWARK OFFICE ONLY will be closing at 12:30pm today, Thursday, November 15th. PAYMENT DROP BOX – When our office is closed, our Payment Drop Box is available for your convenience. It is located to the left of the front doors at our Main Office in Newark.

Artesian Reports Year-to-Date and Third Quarter Results for 2018

Newark, DE, November 7, 2018 – Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced year-to-date and third quarter results for 2018. For the first nine months of 2018, net income was $11.…

Office Closing

The office will be closed on Monday, November 12th in observance of Veterans Day and will reopen at 8:00 am on Tuesday, November 13th. Our secure lockbox located just to the left of our front door at our Newark office, is available to accept your bill payments by check or money order. Should you hav…

Artesian announces a 1.5% increase in Common Stock Dividend

Newark, DE, September 26, 2018 – Artesian Resources Corporation (NASDAQ: ARTNA) announced today that its Board of Directors has approved a 1.5% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $0.9692 per share.  The quarterly dividend of $0.2423 is…

Michael Houghton Appointed To Artesian Board of Directors

Newark, DE, September 24, 2018 – Artesian Resources Corporation (Nasdaq: ARTNA), which includes operations in Delaware, Maryland and Pennsylvania, today announced the expansion of the Board of Directors by appointing Michael Houghton.  The expansion of the Board of Directors recognizes Mr. Houghton’…

NOTIFICATION: Bear Tank Maintenance Project Planned

Artesian Water strives to provide our valued customers with superior service and safe, reliable drinking water at an affordable price.  Our commitment to service includes regular maintenance of our facilities and keeping the communities we serve updated about projects planned in our service area. Ou…
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Artesian Resources Company Life and Culture

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Artesian Resources Frequently Asked Questions

  • When was Artesian Resources founded?

    Artesian Resources was founded in 1905.

  • Who are Artesian Resources key executives?

    Artesian Resources's key executives are Dian Taylor, Joseph A. DiNunzio and David Spacht.

  • How many employees does Artesian Resources have?

    Artesian Resources has 233 employees.

  • What is Artesian Resources revenue?

    Latest Artesian Resources annual revenue is $82.2 m.

  • What is Artesian Resources revenue per employee?

    Latest Artesian Resources revenue per employee is $352.9 k.

  • Who are Artesian Resources competitors?

    Competitors of Artesian Resources include Aegion, AquaVenture and Waterlogic USA.

  • Where is Artesian Resources headquarters?

    Artesian Resources headquarters is located at 664 Churchmans Rd, Newark.

  • Where are Artesian Resources offices?

    Artesian Resources has offices in Newark and Milton.

  • How many offices does Artesian Resources have?

    Artesian Resources has 2 offices.